Taseko Mines Ownership
| TKO Stock | CAD 4.70 0.01 0.21% |
Taseko |
Taseko Stock Ownership Analysis
About 34.0% of the company shares are owned by institutional investors. The book value of Taseko Mines was at this time reported as 1.61. The company has Price/Earnings To Growth (PEG) ratio of 0.32. Taseko Mines recorded a loss per share of 0.21. The entity last dividend was issued on the 18th of August 1999. Taseko Mines Limited, a mining company, acquires, develops, and operates mineral properties in Canada and the United States. Taseko Mines Limited was founded in 1966 and is headquartered in Vancouver, Canada. TASEKO MINES operates under Industrial Metals Minerals classification in Canada and is traded on Toronto Stock Exchange. It employs 703 people. To find out more about Taseko Mines contact the company at 778 373 4533 or learn more at https://www.tasekomines.com.Pair Trading with Taseko Mines
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Taseko Mines position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Taseko Mines will appreciate offsetting losses from the drop in the long position's value.Moving together with Taseko Stock
| 0.84 | AG | First Majestic Silver | PairCorr |
| 0.75 | IE | Ivanhoe Energy | PairCorr |
| 0.69 | FDY | Faraday Copper Corp Earnings Call This Week | PairCorr |
Moving against Taseko Stock
| 0.72 | BRK | Berkshire Hathaway CDR | PairCorr |
| 0.72 | BRK | Berkshire Hathaway CDR | PairCorr |
| 0.67 | FDR | Flinders Resources Earnings Call Today | PairCorr |
The ability to find closely correlated positions to Taseko Mines could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Taseko Mines when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Taseko Mines - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Taseko Mines to buy it.
The correlation of Taseko Mines is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Taseko Mines moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Taseko Mines moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Taseko Mines can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Taseko Mines. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. To learn how to invest in Taseko Stock, please use our How to Invest in Taseko Mines guide.You can also try the Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.